JPMorgan Chase promises $30 billion to address racial wealth gap

Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.
"We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people," JPMorgan Chase Chairman and CEO Jamie Dimon said.
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With unemployment rising, millions could fall behind on their mortgages

Apr 3, 2020
Homeowners with federally backed mortgages can pause their monthly bill for up to a year. But they may get hit with a balloon payment at the end.
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Could falling interest rates mean a pick-up in hiring by mortgage lenders?

Apr 3, 2019
It looks like refinancing is making a comeback in the housing market. Dropping interest rates have brought a spike in applications to refinance mortgage loans. According to a report from financial analysts Black Knight, about 5 million homeowners in the…
Pedestrians pass by a sign advertising low refinance rates at a US Bank office in San Francisco, Calif.
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FHA tightens standards on insuring home loans

Mar 25, 2019
The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the…
The reflection of blue skies and palm trees are seen in the window of a Countrywide banking and home loans location offering reverse mortgages in Sun City, Arizona.
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Home buyers navigate sluggish housing market

Oct 24, 2018
Sales of new and existing homes haven't been this slow for years, so what's a buyer to do?
 A 'For Sale' sign sits in front of a new home May 27, 2004 in Miami, Florida. 
Joe Raedle/Getty Images

Home buyers navigate sluggish housing market

Oct 24, 2018
Sales of new and existing homes haven't been this slow for years, so what's a buyer to do?
 A 'For Sale' sign sits in front of a new home May 27, 2004 in Miami, Florida. 
Joe Raedle/Getty Images

Barriers to homeownership still exist for people of color

Feb 15, 2018
A report from Reveal looks at racial discrimination in the mortgage business and the legacy of redlining.
A 1937 map of Philadelphia shows redlining of neighborhoods.
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Tiny homes seem perfect for most millennials, except for one big problem

Jun 15, 2017
Traditional lenders have shied away from financing the trendy homes, but that could change next year.
A portable home made by Titan Tiny Homes. 
Courtesy of Titan Tiny Homes.

All in the family: the new mortgage math

Sep 16, 2015
Fannie Mae overhauls a loan option to reflect economic realities.
Fannie Mae has overhauled a mortgage loan option to reflect economic realities.
Christopher Furlong/Getty Images